MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares

The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares.

The decision on sanctioning those two companies was taken by the NCFM, following the information received from the Intelligence and Security Service (ISS) about a group of shareholders acting together, holding a stake of 9.97%. Read the full story